The bears are coming. Bear markets, that is. Already, stocks in the U.K., France and Japan have plummeted more than 20 percent from their highs in 2015, which is traditionally seen as bear market territory, while U.S. equities have had their worst start to a year on record.
But you don’t see investing legend and Princeton University economist Burton Malkiel hitting the panic button. In a recent sit-down with OZY, the author of the best-selling investment classic A Random Walk Down Wall Street remained calm as he discussed global stock swings, China’s slowdown and positive prospects for the future of the U.S. economy — as evidenced by what we’ll call the Chewbacca or C-3PO effect. Read more here.
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